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TBIL

F/m US Treasury 3 Month Bill Fund
TBIL

138 hedge funds and large institutions have $828M invested in F/m US Treasury 3 Month Bill Fund in 2023 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 55 increasing their positions, 17 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

480% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 10

224% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 17

125% more funds holding in top 10

Funds holding in top 10: 4 → 9 (+5)

124% more capital invested

Capital invested by funds: $370M → $828M (+$457M)

53% more funds holding

Funds holding: 90 → 138 (+48)

6.15% more ownership

Funds ownership: 32.88% → 39.03% (+6.1%)

Holders
138
Holders Change
+48
Holders Change %
+53.33%
% of All Funds
2.19%
Holding in Top 10
9
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+125%
% of All Funds
0.14%
New
58
Increased
55
Reduced
17
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$137M
2
Morgan Stanley
Morgan Stanley
New York
+$52.8M
3
HighTower Advisors
HighTower Advisors
Illinois
+$23.7M
4
Stifel Financial
Stifel Financial
Missouri
+$18.9M
5
MML Investors Services
MML Investors Services
Massachusetts
+$13.8M

Top Sellers

Rank Fund Capital Flow
1
MFS
Madrona Financial Services
Washington
-$3.8M
2
SEA
Stegent Equity Advisors
Texas
-$3.56M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.59M
4
BCI
Brinker Capital Investments
Pennsylvania
-$1.15M
5
OPS
Orion Portfolio Solutions
Nebraska
-$1.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
MF
51
Manchester Financial
California
$2.19M +$114K +2,271 +5%
FFA
52
Farther Finance Advisors
California
$2.14M +$1.64M +32,808 +328%
WF
53
Wayfinding Financial
Washington
$1.82M +$1.82M +36,360 New
VAG
54
VisionPoint Advisory Group
Texas
$1.74M +$642K +12,849 +59%
WI
55
WBI Investments
New Jersey
$1.66M -$37.1K -743 -2%
1IA
56
1834 Investment Advisors
Wisconsin
$1.61M – – –
Bank of Montreal
57
Bank of Montreal
Ontario, Canada
$1.61M +$1.59M +31,813 +10,604%
GBWM
58
Granite Bay Wealth Management
New Hampshire
$1.46M +$1.46M +29,244 New
PWM
59
Perigon Wealth Management
California
$1.38M -$41.5K -830 -3%
BCA
60
Bay Colony Advisors
Massachusetts
$1.31M +$1.31M +26,122 New
GJIA
61
Glass Jacobson Investment Advisors
Maryland
$1.25M -$80.5K -1,611 -6%
FAM
62
Formidable Asset Management
Ohio
$1.23M +$753K +15,060 +159%
AAS
63
Avantax Advisory Services
Texas
$1.14M +$486K +9,716 +75%
PA
64
PFG Advisors
Arizona
$1.11M +$1.11M +22,211 New
KPWS
65
Kestra Private Wealth Services
Texas
$1.08M +$1.08M +21,618 New
GAA
66
Global Assets Advisory
Florida
$1.07M +$1.07M +21,450 New
SF
67
Synovus Financial
Georgia
$1.07M +$755K +15,103 +239%
AI
68
Atria Investments
North Carolina
$1.03M +$12.7K +254 +1%
AWM
69
AE Wealth Management
Kansas
$997K +$736K +14,733 +285%
Koshinski Asset Management
70
Koshinski Asset Management
Illinois
$935K +$934K +18,677 New
HW
71
Hamilton Wealth
California
$930K -$218K -4,354 -19%
CF
72
Centaurus Financial
California
$790K +$268K +5,357 +51%
BCM
73
Brookstone Capital Management
Illinois
$760K +$759K +15,195 New
PTC
74
Private Trust Company
Ohio
$724K +$722K +14,453 New
GIA
75
Gladstone Institutional Advisory
Florida
$713K – – –
1 2
3
4 5

TBIL Hedge Fund Activity: Q3 2023 in Review

138 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in F/m US Treasury 3 Month Bill Fund (TBIL) for Q3 2023, worth a combined $828M — up 124% from $370M a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new TBIL positions and 10 closed out — a net gain of 48 holders — while 55 added to existing stakes and 17 trimmed.

The largest buyer was LPL Financial, adding an estimated $137M. The largest seller was Madrona Financial Services, exiting entirely with an estimated $3.8M sold.

  • 138 institutional investors held F/m US Treasury 3 Month Bill Fund (TBIL) as of Q3 2023, up from 90 in Q2 2023.
  • Funds reported $828M of F/m US Treasury 3 Month Bill Fund stock for Q3 2023, up 124% quarter-over-quarter.
  • 58 funds opened new F/m US Treasury 3 Month Bill Fund positions in Q3 2023 and 10 closed out, a net change of +48 holders.
  • The largest F/m US Treasury 3 Month Bill Fund buyer in Q3 2023 was LPL Financial, an estimated $137M added.
  • The largest F/m US Treasury 3 Month Bill Fund seller in Q3 2023 was Madrona Financial Services, an estimated $3.8M sold.

Based on aggregated 13F filings for Q3 2023.